Do you play in the stocks? Or are you new to the game? Whether you don’t mind the whirling volatility of a bear and bull run or you just want to give stock investment a shot, it’s crucial to have a grasp of the taxability of your stock transactions.
Yes, having stock investments is one of the great ways of earning money and financial security. But yes, it does come with taxes. Basically, any revenue you get from a stock sale is taxed at zero percent, fifteen percent, or twenty percent. Likewise, any profits you get from stock are also taxed. More on this later. Needles to say, it’s always advisable to talk to a qualified tax professional before deciding on something huge. However, here’s a brief overview of the taxability of your securities transactions. Read on.